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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by naccomatoseon Mar 11, 2010 1:13am
478 Views
Post# 16869158

RE: ruling this month

RE: ruling this month
This is old an article Dated DEC 28, 2009.
https://www.banderasnews.com/0912/eden-vistagoldcorp.htm



Thecentral Mexican state of San Luis Potosi is another front in the miningvs. environment battle. A long-running fight between local landownersand a national network of environmental and human rights activists onone side, and the Vancouver-based New Gold Incorporated on the other,almost came to a head last month when Mexico's Secretariat for theEnvironment and Natural Resources (Semarnat) revoked an operatingpermit for the company's Cerro de San Pedro mine.

Reiteratingcharges that New Gold's operations were provoking public healthproblems from cyanide and mercury emissions, as well as causing damagesto a historic church and other buildings, opponents applauded thedecision. This month, however, a Mexican court threw out Semarnat'sdecision. Withdrawing the mining permit, the court stated, wouldadversely impact 500 direct and 1,500 indirect jobs linked to the mine.New Gold, the court ruled, "has always respected environmental rulesthat regulate the activity it pursues."
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